Confiscation of Gold

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Confiscation of Gold

by Lily de Cuir
(Byron Bay, Australia)

Hello Everyone,

I may very well be placing a noose around my neck posting this, but what the heck, I'm safe here behind my keyboard I think, lol..

But seriously, I've read and listened to everyone's call to buy gold and silver, especially by Levi and many, many others, economists, and those who are experts in their field, yet...

I've always felt something not quite right...

...earlier this week I stumbled across some information that indicates 'confiscation of gold' is hidden in the new US health care bill. (Can't find the original article, but other links are below).

But now more than ever, my intuition is telling me something is awry...that we maybe being set up.

I really hope I'm just being paranoid, after all as I've admitted here many times before, I'm not the smartest tool in the shed when it comes to economics.

But something just doesn't smell right for me. Everyone now are like lemmings; falling over themselves to buy gold and silver.

So I'm just throwing it out there for your perusal and thoughts.

Here are some links:

http://www.buygoldco.com/gold-confiscation/

http://goldstockmania.com/us-government-ready-to-tax-your-gold-or-precursor-for-confiscation/

http://riffenberg.wordpress.com/2010/07/18 required-tracking-of-gold-silver-purchaes-in-health-care-bill/

If none of the above links work, just google 'health bill reform and confiscation of gold'

Cheers,
Lily

You won't believe the password: GOLDIN

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Confiscation of Gold

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Nov 10, 2010
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Whistleblower re Silver
by: Eileen

Another case against Morgan Stanley, et al, re manipulating silver.

GO TO - Former Goldman Trader: "JPMorgan Traders Bragged About Manipulating The Silver Market"

Oooooohhh log on word: MALICE YUP, GOT THAT RIGHT

Nov 02, 2010
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Silver rort
by: Lloyd

Hi, Eileen,

Yes, the rot's in silver too. Which is actually sort of strange, when you consider that there is now physically, something like 9 times LESS silver than gold, available above ground and silver is 40 times more expensive to mine than gold. So that makes silver rarer, right? You'd think so, but the price doesn't reflect that.

The reason for this rarity is the fact that silver is used as an industrial metal, it's in fact THE MOST USEFUL metal on earth. It was once found on the surface of the earth in quantities approximately 15 times more than gold. Which is why the roughly 16:1 price ratio that gold and silver have had for basically all time.

The key to this is the fact that these ratios are for gold and silver found on the SURFACE. Gold and silver mined underneath the surface are in entirely different ratios. There is something about the nature of silver and how it's formed that makes it much more likely to be near the surface, which is why it was so much more abundant than gold in the past. So that made it cheaper. Add to that the fact that it's the world's most useful metal, and you have a situation where it gets simply used up in ways that are very expensive to recycle.

All in all, silver is now far rarer and harder to mine than gold. But that can't be right!! It's cheap! Noone wants it! Actually, they do want it. Those in the know are buying up fantastic amounts of it. This is, of course driving the price up. Very soon the price is going to start attracting the attention of people who want jewellery made of precious metals, or coins or just plain bullion. Then the price is going to skyrocket.

The biggest part of the rort is the fact that the gold and silver ETFs have had no physical metal backing them. They had other funds backing them, it's true, but no actual physical metal - these funds were purely speculative, designed to give returns AS IF they were real gold and silver, without having to actually go out and buy the stuff. But of course, if gold and silver are in a bubble, not actually owning any is a good thing because when the price collapses you get to keep the profits.

So the gold and silver ETFs that did this were actually taking a bet that the price would stay down, and they made sure the price did that with all their market manipulation. But now that the manipulation has ceased to have an effect, the prices are shooting up, and noone can stop them.

But the rort is apparently over - the game is up because they can't contain the price anymore. Don't worry about the world Eileen. The manipulation can only go on so long, until it's found out or other market forces come to play to stop it, then there will be one of the biggest corrections of all time. Buy silver. Lots of it.

Lloyd.

Oct 31, 2010
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Silver is also manipulated
by: Eileen

It gets worse folks -- there's no place to hide. I was really depressed at the state of the world and our limited assets after reading this:

GO TO - www.marketwatch.com

Log on word: PARADE: Remember that song: Before the Parade passes by/ I'm gonna go and taste Saturday's high life / Before the parade passes by / I'm going to get some life back into my life.

I don't know about you, but I think it's telling me to cash out, big time, and just blow my dough on some real LIVING (like Levi) before the SHTF!!

Oct 31, 2010
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Pointless gold certificates
by: Lloyd

Hi, ChrisH,

What the people issuing gold and silver certificates have found much to their dismay is that they thought they were on a really good scam - sell gold and silver certificates without really having the gold or silver to cover them, and then make a killing when the price drops. Unfortunately, the prices haven't dropped - they've gone through the roof.

They didn't see that coming. They believed their own retoric that gold (and silver) is in a bubble and will collapse. But now that it's worth a lot more, the gold and silver certificates they sold are a liability they owe money on, and without the real stuff in their hands, they can't sell any to pay up. It really is pointless, at least the way they are doing it.

It started off with some legitimate funds that had and still do have the physical metal represented by the certificates they sold. If someone wants to cash in, they just sell the gold or silver and pay up. It was designed to be a way that someone could buy gold or silver and not have to worry about taking delivery or storing it. But like everything that's too good to be true, there are problems. Like the fact that you don't actually physically hold the goods. Like the fact that you only have their word that they've bought gold or silver to cover your investment... and the list goes on.

Buy the real stuff. Then find a secret place to put it where someone isn't going to stumble over it. At the end of the day, when the whole world goes to hell in a hand-basket, the only gold or silver you'll be able to get your hands on will be the stuff in your "emergency supplies".

Lloyd.

Oct 29, 2010
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not enough to go round
by: ChrisH(UK)

"not enough gold in vaults to cover all the people who are investing in it, ..." (Eileen)

Yes this is true, and I think for silver as well, but the focus tends to be on gold. There are certain investment funds where you can buy a "holding" of gold, based on a price per unit and it is supposed to be linked directly to the gold prices. However, if you decided to take possession of your gold, physically, then it wouldnt be possible, since there are probably hundreds more "units" than there are real gold bars to cover them.
It's pointless; might as well buy the real hard stuff in the first place.
I have a few newsletters about metals; "Goldcore" is one, they come up with some useful reports.

Oct 29, 2010
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The reality of gold and silver
by: Lloyd

Hi, Eileen,

You are correct about both the gold-plated-tungsten and depleted gold reserves. The latter first:

The world's biggest holder of gold is the US government. But they have steadfastly refused to let anyone inspect, audit, or assay it (prove it's real), so one can only assume that the real purpose of this is to cover up the possibility that there isn't actually any gold to be audited, or at least so little as to be inconsequencial.

So where is all the gold? The common wisdom is that it's been sold, bit by bit, to prop up the US dollar, which has been inflated (printed) all but out of existence. Without coming up with the actual gold that's supposed to be sitting in Fort Knox and New York, the US actually has nothing to support its currency except its good name.

Then there is the fact that gold held for private owners in allocated accounts in vaults is routinely leased to agencies that have to come up with physical gold to deliver to their own customers. When they don't have the physical gold, they just lease it from somewhere else, and deliver that. The physical gold which was supposed to be held in a vault for someone is no longer there!

All this is made more poignant when you hear of the tungsten brick fiasco. Apparently, in order to actually look like they are holding the gold they've leased to someone else, the vaults themselves came up with the brilliant idea of gold-plating tungsten bars and passing them off to people doing casual inspections. Tungsten has the same density as gold so anything short of a proper assay would fail to uncover the deception.

It all fell apart when a shipment of gold was delivered to China, and they actually assayed the gold and discovered it to be gold-plated tungsten. It was supposedly a complete accident that the tungsten was delivered instead of real gold, but the deception was so good that noone could tell which bars were real and which were fake. Or whether there was any real gold there at all for that matter.

So now, that's sparked a concerted effort to assay every bar of gold delivered from these vaults (apparently in London) to make sure this doesn't happen again. The financial world is rife with this stuff. Banks lend money they don't have all the time. But with fiat (paper or digital) currency, it's just a book entry. The problem with doing that with gold is that gold is physical, you can't just make a book entry for it. They actually tried that with ETFs and allocated gold storage and it clearly failed.

We're coming to the end of a very sad and nasty phase of the financial history of the world, folks. Anyone interested should look up the Tytler cycle to find out how things go with civilisations. There's a very similar cycle that occurs with currencies...

Oct 28, 2010
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Gold hidden in Health Care
by: Eileen

Yes, Lily, I can verify it without going to the links. It was widely talked about in the media, not so much in the MSM, but certainly in the alternative press. They were particularly going to come hard on the small business/corporation who bought gold, so me harsh penalty if business bought and sold gold come tax time. Yet nothing about the big boys on WS who do this for a living, the hedge funds, Soros, ad nauseum.

But let's not forget what Nanci Pelosi, speaker of the house said: "you'll find out what's in it (the health care bill) after we vote for it"..or something like that. Someone could probably find her exact quote -- she was really pilloried because of it. Can't wait for that b*** to get her comeuppance November 2.

Gold soared today by $20, but of course it's gone up, down - sideways, etc. There was a story I read yesterday, that they are now investigating people who were selling gold bars, that were actually tungsten, covered in gold. Any time there is a major crisis, depression, all the PonziSharks come out of the closet, to do even more damage to people's lives and what little is left of their savings. It has also been reported that there really is not enough gold in vaults to cover all the people who are investing in it, should they want to cash in their chips, pun intended, at once.

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Confiscation of Gold

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Confiscation of Gold